The Energy Auction System and Marketplace
Partnering with Applied Energy gives you direct access to the Leading Energy Auction Technology and the #1 Energy Marketplace, used by federal, state, and local governments, as well as commercial and industrial businesses of all types.
Using this time-tested, award-winning, Online Energy Auction System gives our customers
a front-row seat at the largest and most efficient energy exchange of its kind.
The key elements are:
- We are NOT an energy supplier. Rather, we enable you to review and select the best supplier for your electricity and
natural gas.
- Many auctions are held every week and EVERY qualified energy supplier in your area will compete for your business, including the sales arm of your local utility.
- Because
we run so many auctions, we have a unique perspective on the bidding behavior on suppliers bidding behavior across the nation. Our up-to-the-minute market know-how is available exclusively to our customers.
- The auction process is
completely transparent. Our customers know ALL contract
terms, bids and fees in advance. The “Requests for Proposal” (RFPs) are clear and consistent for all bidders (suppliers) – in other words, a level
playing field and a transparent process. (Note: Suppliers can see
competitive bids but don't know who's making them).
- This Energy Exchange is the largest online energy marketplace in the US by
energy volume and number of transactions. More than 400 qualified energy suppliers around the country have been certified to use the system.
Two (2) types of auctions can be used:
- A
'standard' auction with a fixed deadline. Typically, several auctions
are run in quick succession (every 5 minutes or so) to get firm prices
on a variety of contracts e.g. fixed or variable prices, 12, 24 or 36
month periods and % of Green Power’. Customers end up with an array of
firm prices to choose from.
- An 'open-ended’ auction to get
regular pricing updates (perhaps every 2 weeks or so) to monitor market
conditions and identify buying opportunities. An open-ended auction can
run for weeks or even months until that opportunity occurs.
Click here to see a graphical example of a typical auction.